Tilia Fiduciary Partners Inc. Has $1.95 Million Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Tilia Fiduciary Partners Inc. cut its holdings in Meta Platforms, Inc. (NASDAQ:META) by 0.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,411 shares of the social networking company’s stock after selling 24 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in Meta Platforms were worth $1,953,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of META. Delos Wealth Advisors LLC grew its holdings in shares of Meta Platforms by 527.3% during the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company’s stock valued at $34,000 after purchasing an additional 58 shares during the last quarter. POM Investment Strategies LLC bought a new stake in Meta Platforms during the 2nd quarter worth $38,000. Ruedi Wealth Management Inc. raised its position in Meta Platforms by 122.2% in the second quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 44 shares during the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Meta Platforms by 95.6% during the first quarter. Richardson Financial Services Inc. now owns 88 shares of the social networking company’s stock worth $41,000 after purchasing an additional 43 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of Meta Platforms in the first quarter valued at approximately $44,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Trading Down 1.0 %

NASDAQ:META traded down $5.71 during trading hours on Wednesday, reaching $587.18. The company’s stock had a trading volume of 3,405,169 shares, compared to its average volume of 15,404,389. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.83 and a current ratio of 2.83. The firm has a market capitalization of $1.49 trillion, a price-to-earnings ratio of 33.77, a PEG ratio of 1.39 and a beta of 1.22. The firm has a 50-day simple moving average of $532.05 and a 200-day simple moving average of $503.76. Meta Platforms, Inc. has a 1 year low of $279.40 and a 1 year high of $602.95.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, July 31st. The social networking company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.46. The company had revenue of $39.07 billion during the quarter, compared to analyst estimates of $38.26 billion. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.23 EPS. Research analysts expect that Meta Platforms, Inc. will post 21.36 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Monday, September 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Monday, September 16th. Meta Platforms’s payout ratio is 11.49%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on META shares. JPMorgan Chase & Co. upped their price target on shares of Meta Platforms from $610.00 to $640.00 and gave the company an “overweight” rating in a research report on Thursday, September 26th. Pivotal Research initiated coverage on shares of Meta Platforms in a research report on Tuesday, October 1st. They set a “buy” rating and a $780.00 price target on the stock. Guggenheim boosted their price objective on Meta Platforms from $600.00 to $665.00 and gave the company a “buy” rating in a research note on Monday. Citigroup lifted their target price on Meta Platforms from $580.00 to $645.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, Morgan Stanley increased their price target on Meta Platforms from $550.00 to $575.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $605.33.

Insider Activity at Meta Platforms

In other news, CFO Susan J. Li sold 8,950 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $526.76, for a total value of $4,714,502.00. Following the completion of the transaction, the chief financial officer now owns 74,579 shares in the company, valued at $39,285,234.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Meta Platforms news, CEO Mark Zuckerberg sold 14,874 shares of Meta Platforms stock in a transaction on Friday, July 12th. The stock was sold at an average price of $503.38, for a total transaction of $7,487,274.12. Following the completion of the transaction, the chief executive officer now owns 135,442 shares in the company, valued at approximately $68,178,793.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Susan J. Li sold 8,950 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $526.76, for a total transaction of $4,714,502.00. Following the sale, the chief financial officer now directly owns 74,579 shares in the company, valued at $39,285,234.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 266,332 shares of company stock worth $139,981,833 over the last quarter. Corporate insiders own 13.71% of the company’s stock.

Meta Platforms Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.